Microfinance provides much needed financial access to the world’s most vulnerable and children of women microfinance borrowers also reap the benefits, as there is an increased likelihood of full-time school enrolment and lower drop-out rates.
Studies show that new incomes generated from microenterprises are often first invested in children’s education, particularly benefiting girls. Households of microfinance clients appear to have better health practices and nutrition than other households.
The women’s businesses also help villages and communities to prosper economically and socially, allowing them to thrive. Many women go on to employ others to help in their businesses. Family members and others in the community are able to find regular employment to support their own families.